Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

LaserCard announces new CEO

Monday, June 2, 2008

Secure ID solutions provider LaserCard has named Robert T. DeVincenzi as the company’s new president and chief executive officer. DeVincenzi takes over from Bernard Bailey, LaserCard’s chairman of the board of directors, who has served as interim CEO since March.

DeVincenzi was most recently senior vice president of corporate development for Solectron Inc. He was president and CEO of two venture-backed firms, Inkra Networks, Inc., and Ignis Optics, Inc., and has worked in sales and marketing for companies including Ditech Communications, NORTEL, Compression Labs, Inc. and AT&T. [end] 

Oracle has released a new version of Oracle Retail Point-of-Service that aims to increase security, operational efficiency and functionality in part by integrating biometrics.

Oracle partnered with DigitalPersonal to add integrated biometrics to the POS package. Users of the software will login using their fingerprint, which will replace the need for PINs or passwords. This feature intends to reduce fraud by eliminating the possibility of unauthorized employees using a manager ID or swipe card to access the POS and approve overrides.

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The government of Saudi Arabia has increased the requirements for its national ID cards.

Provided by LaserCard the Saudi smart card IDs are now based on LaserCard’s Optical Security Media (OSM) technology. Saudi citizens use them for identification, e-government and travel throughout the region.

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LaserCard Corporation announced that the company has entered into a definitive agreement to be acquired by ASSA ABLOY AB, at a price of $6.25 per share through a cash tender offer. The total transaction value is approximately $80 million.

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SML Group Ltd announced the launch of its new “ViziT” RFID item visibility solutions for the retail apparel and item tracking applications.

The ViziT solutions include a range of RFID/EAS enabled paper and woven labels, as well as tickets and sticker that can be attached to garments and stacked items. Using the SML ViziT IT cloud based data management software also provides for semi automated inventory control, as well as improved loss prevention by triggering alarms and item identification at the store exit.

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Auraya Systems announced the commercial release of its voice authentication solution called ArmorVox Speaker Identity System.

The solution, which was developed for system developers and call centers as either an enterprise or cloud-based solution, fuses text-independent and text-dependent voice-verification that automatically detect languages.

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Proclaiming its entrance into the RFID space, Honeywell introduced part of a new product portfolio designed to bring efficiency to the retail industry, the Optimus 5900 RFID mobile computer.

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